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[SITUATION] · [QUIET] · [TECHNOLOGY]
2 clusters · 4 sources · 18 days · First seen · Last updated
Rising costs of certificate management and cybersecurity
Overview
A DigiCert report indicates that certificate-related incidents are causing significant financial losses for organizations. Nearly one in four surveyed companies reported that their most severe certificate incident cost more than $250,000, a 5 percentage point increase from the previous year. Over one-third of organizations experienced service outages due to expired certificates, with many facing downtime of 25 hours or more.
While automated certificate lifecycle management has become a high cybersecurity priority, only 10 percent of organizations have functional automation in place. Experts note that as certificate lifespans shrink to 47 days, manual tracking methods are no longer scalable.
Beyond certificate failures, the broader cybersecurity landscape faces rising costs, with the average data breach costing approximately $5 million. Emerging threats such as deepfakes, unmonitored ‘Shadow AI,’ and the potential for quantum computing to compromise encryption are driving a demand for automated lifecycle management and quantum-safe architectures.
Entities
Propeller Insights · DigiCert · Red Hat · Hanwha Vision · Mike Nelson
Timeline
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[TECHNOLOGY] 2 sourcesCybersecurity costs rise as certificate failures and data breaches impact enterprises
Cybersecurity costs are rising, with certificate failures exceeding $250,000 for many firms and data breaches averaging $5 million per incident amid threats from AI and quantum computing.
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[TECHNOLOGY] 2 sourcesDigiCert report: Certificate outages costing firms more than $250,000
A DigiCert survey shows certificate-related outages are rising in cost and frequency, with 25% of firms losing over $250,000 in their worst incident. Automation remains a critical but underutilized solution.
Sources
businessday.ng · frontier-enterprise.com · it-daily.net · netzpalaver.de